August 27, 2016 6:16 AM ET

Independent Power and Renewable Electricity Producers

Company Overview of E-CO Energi Holding AS

Company Overview

E-CO Energi Holding AS, through its subsidiary, engages in the ownership, operation, and management of hydroelectric plants in Norway. The company produces hydropower. It also sells power on the wholesale market. In addition, the company is involved in the operations, maintenance, and implementation of projects; and business development activities in energy and related fields. It serves approximately 500,000 households. E-CO Energi Holding AS is headquartered in Oslo, Norway.

C. J. Hambros plass 2 C

Oslo,  0103

Norway

169 Employees

Phone:

47 24 11 69 00

Fax:

47 24 11 65 01

Key Executives for E-CO Energi Holding AS

Chief Executive Officer, President and Managing Director
Age: 54
Chief Financial Officer
Chief Executive Officer of Oslo Municipality
Senior Vice President and Special Adviser
Age: 65
Vice President of Human Resources & Communications
Compensation as of Fiscal Year 2016.

E-CO Energi Holding AS Key Developments

E-CO Energi Holding AS Reports Unaudited Earnings and Production Results for the First Quarter Ended March 31, 2016

E-CO Energi Holding AS reported unaudited earnings and production results for the first quarter ended March 31, 2016. For the quarter, energy revenue was NOK 885 million against NOK 937 million a year ago. Operating revenue was NOK 902 million against NOK 954 million a year ago. EBIT was NOK 294 million against NOK 296 million a year ago. Operating income was NOK 608 million against NOK 658 million a year ago. Earnings before tax (EBT) were NOK 550 million against NOK 600 million a year ago. Net profit was NOK 289 million against NOK 305 million a year ago. Earnings per share were NOK 170 million against NOK 179 million a year ago. Cash flow from operating activities was NOK 406 million against NOK 336 million a year ago. Investments in tangible fixed assets were NOK 68 million against NOK 62 million a year ago. Operating revenues aggregated, down the equivalent of 6%. The decline is due to lower selling prices. Operating income was NOK 608 million against NOK 658 million a year ago. For the quart, power production was 3,744 GWh.

E-CO Energi Holding AS Proposes Dividend for the Year 2015

The Board of Directors of E-CO Energi Holding AS proposed a dividend of NOK 685 million for the year 2015.

E-CO Energi Holding AS Reports Audited Consolidated and Company Earnings Results for the Full Year Ended December 31, 2015

E-CO Energi Holding AS reported audited consolidated and company earnings results for the full year ended December 31, 2015. For the period, the company reported earnings per share of NOK 313 against NOK 418 per share a year ago. For the period, on parent basis, the company reported operating revenues of NOK 4 million compared to NOK 3 million a year ago. Operating loss was NOK 5 million compared to NOK 8 million a year ago. Ordinary profit before taxes was NOK 2,759 million compared to NOK 1,390 million a year ago. Net profit for the year was NOK 2,581 million compared to NOK 1,217 million a year ago. Cash flow from operating activities was NOK 554 million compared to NOK 2,660 million a year ago.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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